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Tag: Trade Barriers/Restrictions
What’s Stopping Companies from Pulling Supply Chains Out of China
Text size Despite the trade war and Covid-19 lockdowns, China accounts for 35% of total U.S. containerized imports. Mario Tama/Getty Images About the authors: Christopher S. Tang is a University Disti...
Oil Prices Could Rise After Latest EU Sanctions on Russia
The European Union’s ban on seaborne imports of Russian oil, along with the Group of Seven’s plan to cap prices of oil from Russia early next month won’t guarantee that prices for the commodity will s...
American Executives in Limbo at Chinese Chip Companies After U.S. Ban
SINGAPORE—American workers hold key positions throughout China’s domestic chip industry, helping manufacturers develop new chips to catch up with foreign rivals. Now, those workers are in limbo under ...
OPEC+ Agrees to Biggest Oil Production Cut Since Start of Pandemic
VIENNA—The Organization of the Petroleum Exporting Countries and its Russia-led allies agreed on Wednesday to slash output by 2 million barrels of oil a day, delegates said, a move likely to push up a...
Russia to Keep Nord Stream Pipeline Shut, Citing Mechanical Problems
Russia indefinitely suspended natural gas flows to Europe via a key pipeline hours after the Group of Seven agreed to an oil price cap for Russian crude—two opposing blows exchanged between Moscow and...
Exxon Escalates Dispute With Russia Over Barred Exit From Giant Oil Project
Exxon Mobil Corp. has notified Russian officials it will sue the federal government unless Moscow allows the company to exit a major oil-and-gas project, according to people familiar with the matter. ...
Natural Gas Prices Are Soaring on Russian Supply Cuts. The West Is Holding Firm.
Russia has cut European Union–bound natural-gas exports to 20% of last year’s level. Krisztian Bocsi/Bloomberg Text size Stymied for the moment on Ukraine’s battlefield, Vladimir Putin is escalating h...
China Stocks Are No Longer a Sure Thing. Where to Invest Now.
For decades, China has been synonymous with fast growth. Multinational companies invested billions in supply chains and production hubs, and catered to the millions of Chinese who climbed out of pover...
Far from Putin’s claims of resilience, Russian economy is being hammered by sanctions and exodus of international companies, Yale report finds
Media reports trumpeting the resilience of the Russian economy in the face of the international response to its invasion of neighboring Ukraine are based on misunderstandings that don’t reflect what’s...
Russia’s Natural-Gas Game Comes With Economic Risks
Russian President Vladimir Putin can afford to cut off natural-gas exports to Europe thanks to ample revenues from other commodities, but such a move would come with longer-term risks for Russia’s san...
Russia and Iran Are Allies Against West, Rivals in Commodity Sales
TEHRAN—Iran and Russia are engaged in a fierce competition for sales of oil, refined crude products and metals in India, China and across Asia, as Moscow sells at prices that are undercutting one of i...
Manufacturers Brace for Nord Stream Repairs, Fearing Pipeline Won’t Reopen
PARIS—European manufacturers are preparing for possible natural-gas rationing that would force them to shut production amid fears that Russia is about to cut off gas deliveries via its main artery to ...
Wayfair and Overstock Could Soar if Biden Cuts Tariffs on Imports From China
Text size About half of Wayfair and Overstock’s vendors are based in China. Gabby Jones/Bloomberg A reduction of tariffs on goods from China would likely significantly boost the bottom lines for...
Sanctions Threaten Russia’s Next Huge Oil Field
These are boom times for the Russian oil-and-gas industry. High energy prices are keeping the country’s economy afloat and funding the war in Ukraine. How long it lasts will depend in part on a massiv...
Biden Dropping China Tariffs Could Be Good News for Tech Stocks
If President Joe Biden rolls back tariffs on Chinese exports, it could have bigger implications than the impact on inflation. The U.S. is considering dropping the levies started by Donald Trump in 201...
Oil Tanker Is Stopped by U.S. in Transit From Russian Port to New Orleans
U.S. authorities have stopped a ship traveling from Russia to Louisiana with a cargo of fuel products, say people familiar with the matter. The Daytona tanker is owned by Greek shipowner TMS Tankers L...
The Russian Default Is Less Worrisome Than It Appears. Keep Watching Oil.
A general view of the Kremlin, Red Square and St. Basil’s Cathedral in central Moscow. AFP via Getty Images Text size Russia’s first default on its foreign debt in more than 100 years is the lat...
G-7 to Ban Russian Gold, Adding to Sanctions Over Ukraine
Russia exports roughly $19 billion of gold a year, and cutting off that revenue source will add to pressure on the Russian economy, according to Secretary of State Antony Blinken. Dreamstime Text size...
Germany Steps Up Measures to Conserve Gas as Russia Slows Supply to Europe
BERLIN—Germany will restart coal-fired power plants and offer incentives for companies to curb natural gas consumption, marking a new step in the economic war between Europe and Russia. Berlin unveile...
Chevron CEO Sees Russian Oil Output Falling After Exit of Western Firms
Russia is still finding a home for much of its oil despite expanding sanctions, but its production likely will diminish following the departure of western oil companies, Chevron Chief Executive Mike W...
Opinion: The Fed must boost rates by a full percentage point at every meeting to bring down inflation and avoid a job-killing recession
The Fed has taken aim at inflation, but it isn’t moving fast enough. Earlier this month the Fed boosted the federal funds rate by half a point, and more half and quarter point increases are almost cer...
Finland says Russia suspending natural gas supplies
Russia will cut off natural gas to Finland on Saturday after the Nordic country that applied for NATO membership this week refused President Vladimir Putin’s demand to pay in rubles, the Finnish state...
Chinese Tech Giants Quietly Retreat From Doing Business With Russia
HONG KONG—Chinese tech companies are quietly pulling back from doing business in Russia under pressure from U.S. sanctions and suppliers, despite calls by Beijing for companies to resist overseas coer...
Russia Cuts Key Interest Rate. Protecting the Ruble Is Painful.
Text size alexander nemenov/Agence France-Presse/Getty Images The Russian central bank cut its benchmark interest rate from 20% to 17% on Friday after more than doubling it just days into the Ukraine ...
U.S. Treasury bars Russia payments in dollars from US accounts
The U.S. Treasury Department will not allow any Russian government debt payments from accounts at U.S. financial institutions to be made in U.S. dollars, restricting one of the strategies President Vl...
Ukraine war, inflation and need for higher interest rates creating ‘unprecedented’ situation, says Jamie Dimon
JPMorgan Chase & Co. CEO Jamie Dimon said the Western world faces “challenges at every turn” but the U.S. economy remains strong, according to his annual letter to shareholders. JPMorgan’s JPM, +0...
The Investor Who’s Sticking With Russia
Russian stocks crashed after Vladimir Putin waged war on Ukraine. That’s when David Amaryan started buying. Investors were dumping anything Russian, and the hedge-fund manager was happy to take the ot...
China’s Bet on Sending Its Exports Through Russia Hits Setback
Sanctions imposed on Russia are disrupting China’s ambitions to move more exports to Europe, a setback for the $4 trillion effort championed by Chinese leader Xi Jinping to cement his country as the w...
Dollar’s dominance could get diluted by sanctions against Russia, IMF official tells Financial Times
The dollar’s dominance within the international monetary system is at risk of undergoing a gradual “fragmentation” as a result of financial sanctions being imposed on Russia, Gita Gopinath, the Intern...
Kremlin demands rubles for gas, leaves currency loophole
Russian President Vladimir Putin issued a decree Thursday demanding payment for natural gas in rubles but appeared to temper the order by allowing dollar and euro payments through a designated bank, t...
Oil Markets Will Enter 2023 in a State of Creative Destruction
Illustration by Jon Krause Text size About the author: Karim Fawaz is an oil market analyst and research and analysis director at S&P Global Commodity Insights. The history of oil markets is litte...